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3) Wayne Enterprises decides to only sell jet propulsion equipment and nothing else. The firm was able to sell 25 units during the last three
3) Wayne Enterprises decides to only sell jet propulsion equipment and nothing else. The firm was able to sell 25 units during the last three months at a price of $25,000 each. The costs of goods sold (COGS) was $400,000 during the last three months while selling, general and administrative (SGA) expenses accounted for $75,000. The firm had a depreciation expense of $28,000 during this period and had no interest payments. Finally, Mr. Wayne's company falls under a 15% tax bracket. Use the following information to elaborate an Income Statement for the end of March 2019
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